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Neometals Ltd (NMT) Report Analysis

Corporate Events

Negative

Neometals Ltd Announces the Appointment of Rach...

2022-05-09 08:50:00

Neometals Ltd. announced the appointment of Rachel Rees as Joint Company Secretary. Ms Rees' has been appointed for approximately 4 months whi...

Neutral

Neometals Ltd Presents at 121 Mining Investment...

2022-03-29 16:45:00

Neometals Ltd Presents at 121 Mining Investment Conference London, May-23-2022 . Venue: etc.venues County Hall, Riverside Building, Belvedere ...

Neutral

121 Group Ltd, 121 Mining Investment Conference...

2022-01-11 02:42:00

121 Group Ltd, 121 Mining Investment Conference London, May 23, 2022 through May 24, 2022. Venue: etc.venues County Hall, Riverside Building, ...

Positive

Neometals Ltd Provides an Update on its 100% Ow...

2021-12-22 21:19:00

Neometals Ltd. provided an update on its 100% owned Barrambie Titanium and Vanadium Project. The Company, in conjunction with its consultants ...

Positive

Neometals Ltd Announces the Material Progress M...

2021-12-19 21:29:00

Neometals Ltd. announced the material progress made by Primobius GmbH ("Primobius"), the joint venture ("JV") company owned 50:50 by Neometals...

Neutral

Neometals Ltd expected to report Q1 2022 result...

2021-12-16 00:00:00

Neometals Ltd expected to report Q1 2022 results on December 22, 2021. This event was calculated by S&P Global (Created on December 16, 2021).

Neutral

Neometals Ltd Presents at Benchmark Week 2021, ...

2021-12-03 11:21:00

Neometals Ltd Presents at Benchmark Week 2021, Dec-08-2021 03:00 PM. Speakers: Christopher John Reed, MD, CEO & Director.

Neutral

Benchmark Mineral Intelligence, Benchmark Week ...

2021-11-30 20:45:00

Benchmark Mineral Intelligence, Benchmark Week 2021, Dec 06, 2021 through Dec 08, 2021.

Negative

Neometals Ltd Announces David Reed Intends to R...

2021-11-23 06:04:00

Neometals Ltd. announced that Mr. David Reed, intends to retire from the Board at the upcoming Annual General Meeting on 30th November 2021. A...

Neutral

Neometals Ltd - Shareholder/Analyst Call

2021-10-29 05:14:00

AGM

Neutral

Neometals Ltd Presents at Broker Briefing - A N...

2021-10-14 02:39:00

Neometals Ltd Presents at Broker Briefing - A Net Zero Carbon World Investor Webinar - October 2021, Oct-19-2021 11:30 AM.

Neutral

Broker Briefing, Broker Briefing - A Net Zero C...

2021-10-14 02:37:00

Broker Briefing, Broker Briefing - A Net Zero Carbon World Investor Webinar - October 2021, Oct 19, 2021.

Neutral

Neometals Ltd Presents at 121 Mining Investment...

2021-10-07 01:06:00

Neometals Ltd Presents at 121 Mining Investment Online APAC, Nov-02-2021 .

Positive

Neometals Ltd(ASX:NMT) added to S&P Global BMI Index

2021-09-20 00:00:00

Neometals Ltd(ASX:NMT) added to S&P Global BMI Index

Neutral

Neometals Ltd, Annual General Meeting, Nov 30, 2021

2021-09-17 06:21:00

Neometals Ltd, Annual General Meeting, Nov 30, 2021, at 15:00 W. Australia Standard Time. Location: Parmelia Hilton Perth, 14 Mill St Perth We...

Positive

Neometals Ltd Announces Its Collaboration Partn...

2021-09-12 22:18:00

Neometals Ltd. announced its collaboration partner in the Vanadium Recovery Project, Critical Metals Ltd, Recycling Industries Scandinavia AB ...

Negative

Neometals Ltd has completed a Follow-on Equity ...

2021-08-30 00:00:00

Neometals Ltd has completed a Follow-on Equity Offering in the amount of AUD 2.4 million. Security Name: Ordinary Shares Security Type: Co...

Positive

Widgie Nickel Limited completed the acquisition...

2021-08-18 00:00:00

Widgie Nickel Limited entered into an agreement to acquire remaining unknown minority stake in Edwards Project from Neometals Ltd (ASX:NMT) fo...

Positive

Neometals Ltd Announces Successful Completion o...

2021-08-10 22:18:00

Neometals Ltd. announced successful completion of the continuous pilot trial ("Pilot") for the Company's Vanadium Recovery Project ("VRP"). Th...

Neutral

121 Group Ltd, 121 Mining Investment Online APA...

2021-07-22 01:14:00

121 Group Ltd, 121 Mining Investment Online APAC, Nov 02, 2021 through Nov 04, 2021.

Positive

Neometals Readies for Widgie Nickel Listing

2021-07-20 07:01:00

Neometals Ltd. revealed that its demerged Widgie Nickel would look to raise some AUD 24-million through an entitlement offer, as the company r...

Negative

Neometals Ltd has filed a Follow-on Equity Offe...

2021-07-20 00:00:00

Neometals Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.4 million. Security Name: Ordinary Shares Security Type: Common...

Neutral

Neometals Ltd - Shareholder/Analyst Call

2021-07-19 22:21:00

Extraordinary General Meeting

Neutral

Neometals Ltd, Special/Extraordinary Shareholde...

2021-07-19 22:21:00

Neometals Ltd, Special/Extraordinary Shareholders Meeting, Aug 18, 2021, at 15:00 W. Australia Standard Time. Location: The Parmelia Hilton 14...

Positive

Neometals Ltd Announces Completion of A Review ...

2021-07-06 22:21:00

Neometals Ltd. announced completion of a review of all eleven nickel Mineral Resource estimates at its Mt Edwards Nickel Project ("Mt Edwards"...

Positive

Neometals Ltd Announces Further Encouraging Res...

2021-07-05 22:15:00

Neometals Ltd. announced further encouraging results from preliminary metallurgical tests carried out at the Mt Edwards Nickel Project (Mt Edw...

Positive

The Board of directors of Neometals Ltd (ASX:NM...

2021-07-01 00:00:00

The Board of directors of Neometals Ltd (ASX:NMT) agreed to spin off of Mt Edwards Nickel Project of Neometals Ltd on July 1, 2021. Under the ...

Positive

Neometals Ltd Announces an Updated Inferred Min...

2021-06-29 22:15:00

Neometals Ltd. announced an updated Inferred Mineral Resource estimate for the Mt Edwards 26 North deposit. The Mt Edwards 26N Mineral Resourc...

Positive

Neometals Ltd Announces an Updated Mineral Resource

2021-06-29 07:55:00

Neometals Ltd. announced an updated Mineral Resource estimate for the Widgie Townsite Deposit ("Widgie Townsite"). The reinterpreted Mineral R...

Negative

Neometals Ltd Announces the Appointment of Rachel Rees as Joint Company Secretary

2022-05-09 08:50:00

Neometals Ltd. announced the appointment of Rachel Rees as Joint Company Secretary. Ms Rees' has been appointed for approximately 4 months whilst the Chief Financial Officer /Company Secretary Mr. Jason Carone takes long service leave. Ms Rees brings to Neometals over 25 years' experience as a Chief Financial Officer, Company Secretary and Non-Executive Director for both ASX and TSX listed companies across diverse industries.

Neutral

Neometals Ltd Presents at 121 Mining Investment Conference London, May-23-2022

2022-03-29 16:45:00

Neometals Ltd Presents at 121 Mining Investment Conference London, May-23-2022 . Venue: etc.venues County Hall, Riverside Building, Belvedere Road, London, United Kingdom.

Neutral

121 Group Ltd, 121 Mining Investment Conference London, May 23, 2022 through May 24, 2022

2022-01-11 02:42:00

121 Group Ltd, 121 Mining Investment Conference London, May 23, 2022 through May 24, 2022. Venue: etc.venues County Hall, Riverside Building, Belvedere Road, London, United Kingdom.

Positive

Neometals Ltd Provides an Update on its 100% Owned Barrambie Titanium and Vanadium Project

2021-12-22 21:19:00

Neometals Ltd. provided an update on its 100% owned Barrambie Titanium and Vanadium Project. The Company, in conjunction with its consultants Allied Mineral Laboratories, Primero Group and Roxbury Trading Pty Ltd. have successfully commissioned a gravity beneficiation plant at Menzies in Western Australia to generate bulk concentrate samples for evaluation by potential Chinese offtake counterparties. Neometals has a memorandum of understanding with Jiuxing Titanium Materials (Liaonging) Co. Ltd. The Jiuxing MoU outlines the technical and commercial pathway to a formal, binding take-or-pay offtake agreement, with Neometals supplying approximately 100 tonnes of mixed gravity concentrate for evaluation trials using Jiuxing's commercial titanium smelter. The Offtake Trials represent the final stage of Jiuxing Barrambie offtake due diligence. Neometals excavated through costean mineralization to enable the production of approximately 150 tonnes of mixed gravity concentrate bulk sample for Jiuxing and other potential offtakers. Contract crushing and grinding of the mined material is largely complete, and the gravity (spirals) circuit has been commissioned. The bulk gravity concentrates sample is expected to be dispatched to China prior to the end of First Quarter 2022. Jiuxing is a leading chloride-grade titanium slag producer, located in north-eastern China it produces approximately 12% of the total Chinese chloride slag supply. Jiuxing has been operating since 2008 and is the strategic partner and feedstock supplier to leading chloride titanium pigment producers including CITIC Titanium Industry Co. Ltd. and titanium metal/alloy producer China BaoTi Huashen Titanium Industry Co. Ltd. Jiuxing and Neometals have extended the term of the Jiuxing MOU and key milestone dates to reflect a more conservative and achievable timeline and are targeting execution of binding formal offtake agreements in October 2022. In parallel, evaluation activities are focussed on the completion of an Association for the Advancement of Cost Engineering Class 4 Preliminary Feasibility Study which is on schedule for completion in First Quarter 2022. These studies will provide a basis for the evaluation and negotiation of proposals for a complete mine-to-port solution under a `build-own-operate' style arrangement for a mining and gravity concentration operation at Barrambie for export out of Geraldton. This model was used successfully in the development by Neometals and its partners to develop the Mt Marion Lithium Project in 2015.

Positive

Neometals Ltd Announces the Material Progress Made by Primobius Gmbh, the Joint Venture Company by Neometals and Sms Group Gmbh ("Sms Group"), with Its Strategy to Fast-Track Commercial Operations in Hilchenbach Germany

2021-12-19 21:29:00

Neometals Ltd. announced the material progress made by Primobius GmbH ("Primobius"), the joint venture ("JV") company owned 50:50 by Neometals and SMS group GmbH ("SMS group"), with its strategy to fast-track commercial operations in Hilchenbach Germany. Primobius has successfully commissioned the newly expanded shredding and beneficiation circuit of its demonstration plant. This enables the commencement of a 10tpd battery disposal recycling service in First Quarter 2022 ("10tpd Shredding Plant"). Primobius is continuing its operational readiness activities ahead of the receipt of its Federal environmental (emissions) licence and commercial battery disposal agreements to ensure feed supply for the operation. As foreshadowed by Neometals the fast tracking of commercial activities is a direct response to the demands of the EV and cell manufacturers immediate demand for safe disposal services (for full details refer to Neometals ASX announcement entitled "Primobius to fast-track commercial battery recycling operations" released on the 19th August 2021). A recycling service which can be expanded in scale and scope to include a sustainable hydrometallurgical refinery to recover and regenerate battery-grade metal sulphate chemicals for re-use in new battery production, satisfying their ambitions and future regulatory requirements to `close the loop'. Primobius 10tpd Shredding Plant will generate revenues from the receipt of fees to dispose of the batteries and the sale of intermediate active materials ("Black Mass") and further de-risk the technology by demonstrating its operational capability at a commercial scale. Primobius' strategy is to aggressively secure market share through focusing on potential partners and customers with direct access to large volumes of feedstock. The company's flexible business model can deliver a multiple spoke and hub plant configuration recycling solutions at the scale, location and timing required.

Neutral

Neometals Ltd expected to report Q1 2022 results on December 22, 2021.

2021-12-16 00:00:00

Neometals Ltd expected to report Q1 2022 results on December 22, 2021. This event was calculated by S&P Global (Created on December 16, 2021).

Neutral

Neometals Ltd Presents at Benchmark Week 2021, Dec-08-2021 03:00 PM

2021-12-03 11:21:00

Neometals Ltd Presents at Benchmark Week 2021, Dec-08-2021 03:00 PM. Speakers: Christopher John Reed, MD, CEO & Director.

Neutral

Benchmark Mineral Intelligence, Benchmark Week 2021, Dec 06, 2021 through Dec 08, 2021

2021-11-30 20:45:00

Benchmark Mineral Intelligence, Benchmark Week 2021, Dec 06, 2021 through Dec 08, 2021.

Negative

Neometals Ltd Announces David Reed Intends to Retire from the Board

2021-11-23 06:04:00

Neometals Ltd. announced that Mr. David Reed, intends to retire from the Board at the upcoming Annual General Meeting on 30th November 2021. As a major shareholder, David has a vested interest in the Company's ongoing success and his industry insights will remain important to Neometals as it approaches a dual listing on the London Stock Exchange with multiple project financial investment decisions foreshadowed in 2022.

Neutral

Neometals Ltd - Shareholder/Analyst Call

2021-10-29 05:14:00

AGM

Neutral

Neometals Ltd Presents at Broker Briefing - A Net Zero Carbon World Investor Webinar - October 2021, Oct-19-2021 11:30 AM

2021-10-14 02:39:00

Neometals Ltd Presents at Broker Briefing - A Net Zero Carbon World Investor Webinar - October 2021, Oct-19-2021 11:30 AM.

Neutral

Broker Briefing, Broker Briefing - A Net Zero Carbon World Investor Webinar - October 2021, Oct 19, 2021

2021-10-14 02:37:00

Broker Briefing, Broker Briefing - A Net Zero Carbon World Investor Webinar - October 2021, Oct 19, 2021.

Neutral

Neometals Ltd Presents at 121 Mining Investment Online APAC, Nov-02-2021

2021-10-07 01:06:00

Neometals Ltd Presents at 121 Mining Investment Online APAC, Nov-02-2021 .

Positive

Neometals Ltd(ASX:NMT) added to S&P Global BMI Index

2021-09-20 00:00:00

Neometals Ltd(ASX:NMT) added to S&P Global BMI Index

Neutral

Neometals Ltd, Annual General Meeting, Nov 30, 2021

2021-09-17 06:21:00

Neometals Ltd, Annual General Meeting, Nov 30, 2021, at 15:00 W. Australia Standard Time. Location: Parmelia Hilton Perth, 14 Mill St Perth Western Australia Australia Agenda: To receive and consider the financial report of the company and the reports of the directors and auditor for the year ended 30 June 2021; to consider remuneration report; to consider re-election of directors; to consider renewal of proportional takeover provisions; and to consider approval of increase to maximum aggregate remuneration of non-executive directors.

Positive

Neometals Ltd Announces Its Collaboration Partner in the Vanadium Recovery Project, Critical Metals Ltd

2021-09-12 22:18:00

Neometals Ltd. announced its collaboration partner in the Vanadium Recovery Project, Critical Metals Ltd, Recycling Industries Scandinavia AB ("RISAB")), has entered into a non-binding memorandum of understanding with H2 Green Steel (H2GS AB)("H2GS"), for the evaluation of potential vanadium containing steel by-products ("Slag") and key commercial terms for a potential Slag supply agreement ("H2GS MOU").

Negative

Neometals Ltd has completed a Follow-on Equity Offering in the amount of AUD 2.4 million.

2021-08-30 00:00:00

Neometals Ltd has completed a Follow-on Equity Offering in the amount of AUD 2.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 120,000,000 Price\Range: AUD 0.02

Positive

Widgie Nickel Limited completed the acquisition of Edwards Project from Neometals Ltd (ASX:NMT).

2021-08-18 00:00:00

Widgie Nickel Limited entered into an agreement to acquire remaining unknown minority stake in Edwards Project from Neometals Ltd (ASX:NMT) for AUD 8.6 million on June 4, 2021. Widgie Nickel Limited completed the acquisition of remaining unknown minority stake in Edwards Project from Neometals Ltd (ASX:NMT) on July 19, 2021.

Positive

Neometals Ltd Announces Successful Completion of the Continuous Pilot Trial for the Company's Vanadium Recovery Project

2021-08-10 22:18:00

Neometals Ltd. announced successful completion of the continuous pilot trial ("Pilot") for the Company's Vanadium Recovery Project ("VRP"). The trials processed approximately 14 tonnes of vanadium-bearing steel by-product ("Slag") over 24 days from 3 Scandinavian steel mills. Results confirmed excellent vanadium chemical product purity (consistently higher that 99.5% V2O5) and strong recoveries (recoveries exceeded 75% during steady state) for Neometals' patent pending hydrometallurgical process for recovering vanadium from Slag. As previously announced, Neometals executed a collaboration agreement with Critical Metals Ltd. ("Critical"), to jointly evaluate the feasibility of constructing a facility to recover and process high-grade vanadium products from Slag generated by steel producer SSAB in Scandinavia. Neometals is funding and managing the evaluation activities, including pilot trials and evaluation studies up to consideration of a final investment decision, which, if positive, will earn Neometals a 50% interest in an incorporated joint venture ("JV") with Critical. Neometals reported the Pilot was constructed, commissioned and operated continuously through three trials without any safety incidents or process challenges. The Pilot confirmed, at a 25 times higher throughput rate, the earlier mini-pilot plant results. Of particular importance was the increase in vanadium concentrations achieved during the Pilot which offers potentially significant operating and capital cost savings in the product recovery stages of the process. Passing this major technical milestone is important and gives Neometals strong confidence to select engineers, commence the Feasibility Study ("FS") and provide larger samples for product evaluation and offtake discussions. The Neometals vanadium processing flowsheet involves comminution followed by leaching in alkaline carbonate process water, an integrated three stage leach with interstage regrind circuit and finally leach discharge filtration and solids washing. The solid residue is repulped and washed to further recover soluble vanadium (and sodium) species and lower the levels of these elements in the final leach residue, a stabilised slag material ("SSM"). The `pregnant leach solution' ("PLS") is further filtered to remove any colloidal silica prior to the vanadium selective solvent extraction circuit which produces an alkaline vanadium strip solution appropriate for a conventional vanadium pentoxide ("V2O5") circuit involving desilication, ammonium metavanadate ("AMV") precipitation and subsequent calcination (de-ammoniation). The Pilot was undertaken at a commercial laboratory in Perth, Western Australia and represents part of the pre-development activities for a proposed vanadium recovery JV targeting production of high-purity vanadium pentoxide, V2O5. Neometals milled and processed over 14 tonnes of Slag in three campaigns, sequentially processing Slag from SSAB's Luleå, Raahe and Oxelösund operations. Targeting 25 kg/h dry Slag equivalent feed to the leach circuit, the Pilot operated for 576 incident free hours over the three campaigns including milling, leaching, solid liquid separation, repulp washing of leach residue, PLS conditioning, solvent extraction, desilication and AMV production. During the campaigns, approximately 40m3 of PLS was generated and processed through a conventional mixer-settler solvent extraction system incorporating extraction, scrub and strip stages. At steady state higher than anticipated strip liquor concentrations of vanadium were consistently generated and these were processed through conventional desilication, AMV precipitation. Subsequent AMV de-ammoniation produced V2O5 with a purity consistently exceeding 99.5%. The improvement in strip solution concentrations reduces the processing volumes, the consumption of sodium hydroxide and sulphuric acid and the volume of sodium sulphate by-product that will be generated in the flowsheet. All of these factors have a positive implication in reducing the potential size of the purification and product handling circuit and associated operating and capital costs. AMV and V2O5 product samples are already en-route to potential off-take partners in Europe and Japan for testing in high tech applications (including testing in batteries) The residual material from the leach circuit was removed using a pressure filter and washed on the filter to reduce potential entrainment losses of vanadium or reagents to the solids. The solid residue from the process was repulped in warm water to further remove soluble vanadium and sodium containing species and return the target value metal and reagent to the leach circuit. The vanadium in wash waters is collected by ion exchange and concentrated in the eluant before being returned to the vanadium purification circuit. The well washed leach residue, SSM, is expected to be a by-product potentially suitable for use in a range of industries such as concrete and building materials. Following Neometals' initial market evaluation studies, samples of this SSM, generated from the Pilot have been dispatched to a number of potential users in Europe. In a commercial operation, the Neometals/Critical JV anticipates feeding 200,000 dry tonnes per annum of Slag into a circuit which will incorporate a multi-staged integrated mill/leach circuit using a weakly alkaline sodium carbonate leaching system at atmospheric pressure and only moderate temperatures. The carbonate in the leach circuit is regenerated using up to 65,000 tonnes per annum carbon dioxide (the most voluminous reagent in the flowsheet) while top-up sodium carbonate will be used to replace any sodium ions lost in the solid residue. The carbon dioxide will be sourced from an emission source and thus the operation is expected to be extremely low or at `net zero' in terms of carbon footprint /carbon dioxide emissions. The Pilot has confirmed an optimal process flowsheet and reagent regime. Neometals is now finalising the process design package and engineering contractor selection to deliver an AACE Class 3 (Feasibility) Study to SSAB by 30 June 2022. The product samples (AMV, V2O5 and SSM) will continue to be progressively delivered to potential offtake parties to advance commercial discussions.

Neutral

121 Group Ltd, 121 Mining Investment Online APAC, Nov 02, 2021 through Nov 04, 2021

2021-07-22 01:14:00

121 Group Ltd, 121 Mining Investment Online APAC, Nov 02, 2021 through Nov 04, 2021.

Positive

Neometals Readies for Widgie Nickel Listing

2021-07-20 07:01:00

Neometals Ltd. revealed that its demerged Widgie Nickel would look to raise some AUD 24-million through an entitlement offer, as the company readies to list on the ASX. Neometals previously flagged the demerger of its Mt Edwards nickel project, in Western Australia, into the dedicated nickel exploration and development company Widgie Nickel. The company on July 20, 2021 said that it had now received in-principle approval from the ASX to allow Widgie Nickel to list. Neometals will shortly call a shareholder meeting to approve the demerger, along with a short form prospectus relating to the in-specie distribution of Widgie Nickel shares to eligible Neometals shareholders. If the demerger conditions are satisfied, Neometals will distribute 100% of the Widgie Nickel shares on issue to eligible Neometals shareholders via a capital reduction and in-specie distribution of those shares, pro rata to their shareholding in Neometals as at 26 August 2021.

Negative

Neometals Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.4 million.

2021-07-20 00:00:00

Neometals Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 120,000,000 Price\Range: AUD 0.02

Neutral

Neometals Ltd - Shareholder/Analyst Call

2021-07-19 22:21:00

Extraordinary General Meeting

Neutral

Neometals Ltd, Special/Extraordinary Shareholders Meeting, Aug 18, 2021

2021-07-19 22:21:00

Neometals Ltd, Special/Extraordinary Shareholders Meeting, Aug 18, 2021, at 15:00 W. Australia Standard Time. Location: The Parmelia Hilton 14 Mill Street Perth Western Australia Australia Agenda: To consider approval for an equal capital reduction and in-specie distribution of Widgie Nickel Shares.

Positive

Neometals Ltd Announces Completion of A Review of All Eleven Nickel Mineral Resource Estimates

2021-07-06 22:21:00

Neometals Ltd. announced completion of a review of all eleven nickel Mineral Resource estimates at its Mt Edwards Nickel Project ("Mt Edwards"). The review commenced mid-2019 with the first estimate completed on the Munda deposit in November 2019. Since this time Neometals has been progressively reviewing all available data, including government and third party sourced, to increase its understanding of Mt Edwards.

Positive

Neometals Ltd Announces Further Encouraging Results from Preliminary Metallurgical Tests Carried Out at the Mt Edwards Nickel Project

2021-07-05 22:15:00

Neometals Ltd. announced further encouraging results from preliminary metallurgical tests carried out at the Mt Edwards Nickel Project (Mt Edwards). Specifically, a successful flotation test-work program was carried out on mineralised samples derived from the 132N Deposit (132N) Mineral Resource and the Munda Deposit (Munda) Mineral Resource. The results confirm, in principle', the ability of the mineralisation from both 132N and Munda to upgrade to commercially acceptable concentrate levels (+12% Ni grade). Munda and 132N represent excellent near-term mining prospects warranting further studies. With this in mind, flotation test-work was carried out to determine if nickel mineralisation could be upgraded to commercial grade concentrate. This strategy follows on from earlier positive results at the Armstrong Deposit ("Armstrong") where flotation test-work revealed the presence of potential co-products in addition to the contained nickel. The Munda flotation program yielded excellent recovery (83.8% recovery at 13.0% nickel concentrate grade) with a very favourable iron/magnesium oxide ratio which is highly desirous for smelting customers. Despite a lower sample nickel head grade (1.45% versus Mineral Resource grade 2.0%), the 132N flotation program yielded 62.8% recovery at 13.5% nickel concentrate grade. Importantly, the 132N test-work evidenced palladium in the concentrate (3.06g/t Pd) which supports further evaluation to quantify the potential for co-product revenue. These metallurgical results, together with those previously announced at Armstrong, provide Neometals with encouragement regarding the potential to establish meaningful co-products from future operations at Mt Edwards. Further float work on the other deposits with near term exploitation prospectivity will be undertaken to close off processing and marketing aspects of the development study which aims to re-establish a viable production centre at Mt Edwards. Future metallurgical work will be undertaken with core from planned exploration drilling to provide fresh materials to test. Importantly, these fresh samples will generate more information on co-products and their deportment. Key points noted from the metallurgical flotation test-work: A blend of source material from both 132N and Munda deposits was mixed in order to achieve a head grade not dissimilar to the overall Mineral Resource grades for each deposit Standard Kambalda Nickel Operations flotation reagent regime implemented In the case of 132N. with limited source material, resultant test head grade was below the target range. presence of palladium and platinum were noted with upgrades of a factor of over two into the concentrate from mineralisation grades. similar recoveries of nickel and copper were noted. the iron to magnesia ratio (Fe:MgO) was less than ideal indicating the presence of high MgO (ultramafic minerals) suggesting more depressant to suppress rather than liberate MgO is required In the case of Munda. rapid flotation kinetics were demonstrated. the concentrate was notably very clean. a very high Fe:MgO ratio was achieved indicating a premium concentrate. in light of the above, further improvements in recovery may be possible by easing back on concentrate grade. Test-work on samples from both deposits followed commercial process norms comprising a regime of sequential flotation involving a preliminary rougher product being generated with two subsequent stages of cleaning to generate a final cleaner product. The samples of mineralised core for testing were sourced from a single diamond drill hole (WD9807W1 drilled by Western Diamond Drillers Pty Ltd. in July 2018) at 132N. Diamond drill holes from Munda (EMD001 and EMD002) were drilled in July 2019 by Topdrive Drillers Australia for Estrella Resources from whom Neometals acquired the Munda nickel rights in September 2019. The company has commenced a detailed geological and geometallurgical program to ascertain the potential impacts on its eleven separately defined Mineral Resources at Mt Edwards and exploration potential within its > 300 square km tenure. The components of the geometallurgical program include: the geologically informed selection of a number of mineralised samples. laboratory-scale planned locked cycle test work to determine the response of the mineralisation to mineral processing unit operations. the distribution of these parameters throughout the deposits using an accepted geostatistical technique. the application of a mining plan and mineral processing models to generate a prediction of the process plant behaviour.

Positive

The Board of directors of Neometals Ltd (ASX:NMT) agreed to spin off of Mt Edwards Nickel Project of Neometals Ltd.

2021-07-01 00:00:00

The Board of directors of Neometals Ltd (ASX:NMT) agreed to spin off of Mt Edwards Nickel Project of Neometals Ltd on July 1, 2021. Under the terms, Neometals will issue 1 share in Mt Edwards Nickel Project for every 4.218 per share of Neometals. Mt Edwards Nickel Project to be demerged into a new company, “Widgie Nickel Limited”. Pursunat to the terms, Neometals will distribute 100% of the Widgie Nickel shares on issue to Neometals shareholders via a capital reduction and in-specie distribution of those shares, pro rata to their shareholding in Neometals on a record date to be determined by the Neometals board (“In-Specie Distribution”). Following completion of the In-Specie Distribution, Widgie Nickel proposes to complete a capital raising via an underwritten pro rata entitlement offer (“Entitlement Issue”)to those shareholders on its share register on a record date shortly after the Demerger, giving them the right (but not the obligation) to invest further in the advancement of Widgie Nickel’s exploration and development assets. In conjunction with the Entitlement Issue, Widgie Nickel will also apply for admission to the official list of the Australian Securities Exchange and for quotation of its shares on ASX. The proposed Demerger remains subject to final approval from the Neometals’ board and shareholder approval. Neometals reserves the right to amend the proposed terms of, or not proceed with, the Demerger in its absolute discretion. Widgie Nickel’s proposed ASX listing by Q4 in 2021. Record date is August 26, 2021. Longreach Capital are acting as financial adviser and Herbert Smith Freehills as legal counsel to Neometals.

Positive

Neometals Ltd Announces an Updated Inferred Mineral Resource Estimate for the Mt Edwards 26 North Deposit

2021-06-29 22:15:00

Neometals Ltd. announced an updated Inferred Mineral Resource estimate for the Mt Edwards 26 North deposit. The Mt Edwards 26N Mineral Resource was re-estimated by Richard Maddocks from Auralia Mining Consultants and reviewed by Snowden Mining Industry Consultants. The update at Mt Edwards 26N brings the global Mt Edwards Project Mineral Resources to 10.215 million tonnes at 1.6% nickel for 162,510 tonnes of contained nickel. Mt Edwards 26N, often simply referred to as Mt Edwards, was mined for nickel sulphide between 1981 and 1994. Production records show 951,568 tonnes at 2.69% nickel grade for 25,632 tonnes of contained nickel were mined, initially by way of a shaft which remains in place today, and then through a box cut, portal and decline. The Mt Edwards 26N deposit is located on mining lease M15/102 and M15/103, approximately 5km northwest of the Widgiemooltha Roadhouse (55km from Kambalda). Access from the Coolgardie to Esperance Highway is via well-established roads used for previous mining and exploration in the area. Geological knowledge has been sought by review of records from previous underground mining, including mapping and production figures, and reconciliation reports. More typical methods of analysis for Mineral Resource estimation such as interpretation of drill sample assays and logging combined with interpretations of surface and down-hole geophysical surveys were also used. The Mt Edwards 26N Mineral Resource is located 800 metres north of the 14N Inco Boundary Nickel Prospect, along geological strike, with the zone at depth between these areas remaining for the most part untested by drilling and sampling. The Mt Edwards 26N Mineral Resource was estimated by Richard Maddocks from Auralia Mining Consultants. The Mineral Resource estimate for the Mt Edwards 26N Deposit of 871,000 tonnes at 1.4% nickel for 12,400 nickel tonnes is reported in accordance with the 2012 Edition of the `Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' prepared by the Joint Ore Reserves Committee of The Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC Code) and follows a detailed interrogation and review of the available data, including the earlier reported Mineral Resource estimates by the previous holders of the tenement.

Positive

Neometals Ltd Announces an Updated Mineral Resource

2021-06-29 07:55:00

Neometals Ltd. announced an updated Mineral Resource estimate for the Widgie Townsite Deposit ("Widgie Townsite"). The reinterpreted Mineral Resource estimate for Widgie Townsite has been limited to fresh rock which has meant a small reduction in the Mineral Resource size. Further metallurgical test-work is required to assess the nickel hosted in transitional and oxide material above the nickel sulphide zones. While already a sizeable deposit, Widgie Townsite has potential for Mineral Resource extension along strike to the south-east, with current estimate 2.476 Million tonnes at a grade of 1.6% Ni for 39,300 tonnes of contained nickel.

Fundamental Summary

Neometals's financial results from Q4 demonstrated decent performance, but will likely only help Neometals remain on par with its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. As such, Neometals received an overall score of 65 and a HOLD recommendation.

Neometals. announced earnings results for the full year ended June 30, 2021. For the full year, the company announced net income was AUD 16.343 million compared to net loss of AUD 14.553 million a year ago. Basic earnings per share was AUD 0.03 compared to basic loss per share of AUD 0.0267 a year ago. Basic earnings per share from continuing operations was AUD 0.0301 compared to basic loss per share from continuing operations of AUD 0.0267 a year ago.

Business Description

Neometals explores and evaluates mineral projects in Australia. The company operates through three segments: Lithium, Titanium/Vanadium, and Other. Its projects include the Lithium-ion Battery Recycling project, which recovers cobalt and other materials from spent and scrap lithium batteries; Vanadium Recovery project, which recovers vanadium pentoxide from processing by-products; Lithium Refinery project; and Barrambie Titanium and Vanadium project located in Western Australia. The company was formerly known as Reed Resources Ltd. and changed its name to Neometals in December 2014. Neometals was incorporated in 2001 and is based in West Perth, Australia.

Sector Overview

Neometals is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Neometals's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 140.7 -13.0% 77
Liabilities 9.3 -37.2% 97
Price to Book 7.3 310.9% 97
Cash & Equivalents 68.6 -27.0% 50
Equity 131.3 -10.5% 46
EBITDA -20.5 -27.0% 66
Total Revenues 0.2 0.0% 87
Parameter Value Change Score
Return on Equity 13.7 14.9% 56
Net Cashflow 0.2 -99.0% 62
Capital Expenditure -1.4 -1.9% 71
Asset Turnover 0.0 0.0% 52
Free Cashflow -0.0 -40.3% 54

* All values are TTM

The below chart reflects Neometals's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Neometals's peer average final assessment score stands on 67.0, Neometals's score is 65.

  •  NMT
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 35 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 36 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 37 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 38 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 39 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 40 1
Equigold NL 854.0M 50 65 87
Hold
67
67 41 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 42 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 43 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 44 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 45 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 46 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 47 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 48 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 49 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 50 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 51 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 52 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 53 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 54 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Neometals's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Neometals's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 57.

Bearish 57
Close Price 0.92
52W Low 0.48
52W High 1.94
5D MA 0.92
50D MA 1.29
200D MA 1.26
MACD -0.11
RSI 2.56
STOCH 18.97

Balance Sheet Analysis

Overall, Neometals's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Neometals is doing a good job of keeping its liabilities under control and growing intelligently. At filing, their liabilities were 9.3, representing -37.2% change from the previous period. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. Therefore, we rated their liabilities movement with a score of 97. Also, Neometals publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 7.3 and represents a 310.9% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. Consequently, their book value factors movement received a grade of 97. That said, one metric, Equity, stood out as strongly negative. Neometals reported weak equity changes momentum this period. At filing, equity was reported as 131.3, representing -10.5% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. This performance is significantly less impressive than its peers and competitors. Its equity movement component, therefore, received a grade of 46. Therefore, we scored its balance sheet a 60.

Parameter Value Change Score
Assets 140.7 -13.0% 77
Liabilities 9.3 -37.2% 97
Price to Book 7.3 310.9% 97
Cash & Equivalents 68.6 -27.0% 50
Equity 131.3 -10.5% 46
* All values are TTM

The below chart describes Neometals's performance as reflected on its balance sheet with respect to its peers. While Neometals received a balance sheet score of 60, the average of its peers stands on 66.0.

  •  NMT
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 35 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 36 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 37 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 38 1
ioneer Ltd 867.9M 98 56 80 86 52 85 39 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 40 1
Equigold NL 854.0M 57 46 86 50 45 50 41 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 42 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 43 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 44 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 45 1
Imdex Limited 796.9M 59 69 83 61 75 71 46 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 47 1
St Barbara Limited 701.5M 80 69 51 49 61 53 48 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 49 1
Red 5 Limited 671.6M 49 45 39 55 96 47 50 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 51 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 52 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 53 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 54 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Neometals's income statement showed strong financials, specifically Revenue Efficiency and EBITDA. Neometals reported highly encouraging numbers for its revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 24.0%. Their impressive revenue efficiency is even more impressive relative to its peers and competitors in the current market. The company's revenue efficiency, therefore, received a grade of 87. Also, Neometals's management was effective in improving its EBIDTA, which now sits at -20.5 and represents a -27.0% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 20.0%. Their EBITDA metrics are even more impressive relative to their peers and competitors, and its likely the stock price has room to grow to reflect its intrinsic value accurately. Therefore, its EBITDA component earned a score of 66. On the other hand, Return Factors, jumped out as looking problematic. Return factors metrics and ratios were disappointing in this report. Neometals reported a return on equity (ROE) ratio of 13.7, representing a change of 14.9% from the last report.change of 14.9% from the previous period. This metric might have a 10.6 percent impact on companies in the same industry and with the same market capitalization. These numbers show that management has been unsuccessful in fostering appropriate growth related to return on assets and return on equity momentum relative to their peers. Consequently, their return factors received a grade of 56. their income statement received an overall score of 72.

Parameter Value Change Score
EBITDA -20.5 -27.0% 66
Total Revenues 0.2 0.0% 87
Return on Equity 13.7 14.9% 56
* All values are TTM

The below chart describes Neometals's performance as reflected on its income statement with respect to its peers. While Neometals received a income statement score of 72 , the average of its peers stands on 68.0.

  •  NMT
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Sayona Mining Limited 1.2B 87 62 66 73 35 1
Regis Resources Limited 1.1B 65 50 45 53 36 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 37 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 38 1
ioneer Ltd 867.9M 87 55 60 69 39 1
Syrah Resources Limited 856.9M 38 67 62 50 40 1
Equigold NL 854.0M 79 44 91 65 41 1
Ramelius Resources Limited 828.4M 94 51 48 68 42 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 43 1
Jervois Global Limited 813.1M 37 94 93 71 44 1
Mincor Resources NL 808.9M 98 57 59 77 45 1
Imdex Limited 796.9M 77 60 56 56 46 1
Bellevue Gold Limited 722.0M 87 44 83 69 47 1
St Barbara Limited 701.5M 93 56 53 70 48 1
Emerald Resources NL 679.4M 37 96 94 68 49 1
Red 5 Limited 671.6M 95 58 66 75 50 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 51 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 52 1
Westgold Resources Limited 575.3M 84 58 43 65 53 1
OM Holdings Limited 563.6M 50 96 97 75 54 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Capex and Net Cash Flow stand out as the most significant drivers of Neometals's cash flow's strength. Neometals's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. Neometals recorded CapEx of -1.4, which represents -1.9% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. Consequently, their CapEx movement received a grade of 71. Also, Neometals's strong net cash flow numbers, which were 0.2 in this filing, showed a -99.0% change from the last period. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. The company's net cash flow, therefore, received a grade of 62. On the other hand, Asset Turnover, jumped out as looking problematic. Neometals's asset turnover numbers were discouraging, reflecting significant concerns related to management's ability to leverage assets to generate sales effectively and efficiently. Neometals recorded asset turnover of 0.0, which represents a 0.0% change from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 2.7 percent by this parameter. Their asset turnover numbers are significantly less impressive when compared to their peers and competitors. Correspondingly, their asset turnover movement received a grade of 52. Because their management is doing an excellent job managing these critical metrics, the cash_flow was given a score of 60.

Parameter Value Change Score
Net Cashflow 0.2 -99.0% 62
Capital Expenditure -1.4 -1.9% 71
Asset Turnover 0.0 0.0% 52
Free Cashflow -0.0 -40.3% 54
* All values are TTM

The below chart describes Neometals's performance as reflected on its cash flow with respect to its peers. While Neometals received a cash flow score of 60, the average of its peers stands on 69.0.

  •  NMT
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Sayona Mining Limited 1.2B 68 69 76 60 68 35 1
Regis Resources Limited 1.1B 65 76 68 69 69 36 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 37 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 38 1
ioneer Ltd 867.9M 47 57 54 51 51 39 1
Syrah Resources Limited 856.9M 59 58 43 98 69 40 1
Equigold NL 854.0M 91 69 72 84 87 41 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 42 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 43 1
Jervois Global Limited 813.1M 43 51 38 82 54 44 1
Mincor Resources NL 808.9M 63 63 72 45 57 45 1
Imdex Limited 796.9M 71 72 79 73 74 46 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 47 1
St Barbara Limited 701.5M 54 46 71 55 56 48 1
Emerald Resources NL 679.4M 84 81 80 81 84 49 1
Red 5 Limited 671.6M 68 49 48 59 59 50 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 51 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 52 1
Westgold Resources Limited 575.3M 59 69 71 59 63 53 1
OM Holdings Limited 563.6M 75 90 90 75 82 54 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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